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I need urgent answer please Question 4 [8 points) Jason recently inherited $277.000 and used it to purchase an annuity that will pay him $4.000
I need urgent answer please
Question 4 [8 points) Jason recently inherited $277.000 and used it to purchase an annuity that will pay him $4.000 every month The annuty 1025 compounded by Answer the town questions For full marks your answer should be founded to the nearest cont a) How long wil the annully last? Your answer should be rounded to the appropriate whole period 0 years, 0 months b) What is the amount of the final payment Final Payment - $ 0.00 c) What is the principal component of the final payments? Principal - $ 0.00 dj What is the interest component of the final payments? Interest - $ 0.00 Question 4 [8 points) Jason recently inherited $277.000 and used it to purchase an annuity that will pay him $4.000 every month The annuty 1025 compounded by Answer the town questions For full marks your answer should be founded to the nearest cont a) How long wil the annully last? Your answer should be rounded to the appropriate whole period 0 years, 0 months b) What is the amount of the final payment Final Payment - $ 0.00 c) What is the principal component of the final payments? Principal - $ 0.00 dj What is the interest component of the final payments? Interest - $ 0.00Step by Step Solution
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